Zepto Reportedly Plans to File for $500 Million India IPO Next Week

Zepto Ltd., a grocery delivery company, is reportedly making preparations to file for an initial public offering (IPO) in Mumbai. Sources indicate the company intends to submit paperwork for the offering, valued at approximately $500 million, as early as next week.

The planned IPO comes as competition intensifies within India's rapidly expanding quick-commerce sector. Zepto is collaborating with major financial institutions to prepare and submit its draft prospectus for the offering.